CENAQ ENERGY(US:CENQ)2025-03-28 20:26Financial Performance - For Q4 2024, Verde Clean Fuels, Inc. reported a net loss of $2.7 million, with a diluted net loss per share of $(0.14)[4] - For the full year 2024, the company recorded a net loss of $10.5 million, with a diluted net loss per share of $(0.53)[4] - General and administrative expenses for Q4 2024 were $2.73 million, compared to $2.28 million in Q4 2023[13] - Research and development expenses for the full year 2024 were $451,072, up from $329,194 in 2023[13] Cash and Assets - As of December 31, 2024, Verde had cash and cash equivalents of $19.0 million and no debt[5] - Total assets as of December 31, 2024, were $23.57 million, down from $31.93 million in 2023[15] - Total stockholders' equity decreased to $20.68 million as of December 31, 2024, from $28.83 million in 2023[15] Investments and Agreements - Verde signed a joint development agreement with Cottonmouth for a natural gas-to-gasoline plant in the Permian Basin[3] - Cottonmouth made a $50 million equity investment in Verde, purchasing 12.5 million shares at $4.00 per share, totaling $70 million in investments over two years[6] Project Costs - The company capitalized $1.0 million in FEED costs related to the proposed Permian Basin project[5]